Techmeme: Sources: Apple Music had ~21.5M US subscribers as of last week while Spotify had ~22.5M; Apple's service is growing faster than Spotify in UK and Canada (Anna Nicolaou/Financial Times)

Uber is investing in Lime as part of $335M round led by GV that values the firm at $1.1B; Uber plans to promote Lime through its app, execs from the firms said — - Ride-hailing company invests as part of $335 million round — Alphabet's GV leads deal valuing Lime at $1.1 billion

More: Lime, GeekWire, Engadget, BBC, Business Insider, The Verge, VentureBeat, CNET, Mercury News, CNBC, Crunchbase News, and PE Hub Blog

Tweets: @jmbooyah, @limebike, @dkhos, @danprimack, @gvteam, @jeff_jordan, @sallyshin, @uber, @jmbooyah, @backlon, @jmbooyah, @jmbooyah, and @stevekovach

Chris Welch / The Verge:

Apple debuts iOS 11.4.1 with USB Restricted Mode to stop Lightning data transfer after an hour of device being locked, shutting out cracking tools like GrayKey — Apple today released iOS 11.4.1, and while most of us are already looking ahead to all the new stuff coming in iOS 12 …

More: 9to5Mac, MacRumors, Cyberscoop, Apple Support, VentureBeat, Engadget, CNET, BuzzFeed, ZDNet, Mashable, Gotta Be Mobile, and InvestorPlace. Tweets: @dave_maynor

CNBC:

Xiaomi closes just below the IPO price on the first day of trading in Hong Kong after pricing IPO at the bottom of the range at $2.17/share and raising $4.7B — - The company's Hong Kong offering was priced at 17 Hong Kong dollars, which was on the low end of the expected range.

More: Fortune, TechCrunch, Axios, Bloomberg, Bloomberg, New York Times, Reuters, Neowin, Ubergizmo, BBC, China Money Network, CNET, Android Central, Financial Times, Android Police, MediaNama, Tech in Asia, MacDailyNews, SiliconANGLE, New York Times, Financial Times, and South China Morning Post

Tweets: @economics and @tculpan

Josh Constine / TechCrunch:

Code in Snapchat's Android app shows the company is developing a visual product search feature codenamed Eagle that lets users “See all results at Amazon” — Codenamed “Eagle,” Snapchat is building a visual product search feature that delivers users to Amazon's listings.

More: SiliconANGLE, Gizmodo, Engadget, Bloomberg, The Verge, and 9to5Mac

Tweets: @joshconstine, @rrhoover, and @joshconstine

Bloomberg:

Samsung says it is building the world's largest smartphone factory in Noida, India with the capacity of 120M units per year — - Indian PM Modi, South Korea's Moon to visit Samsung facility — India is the fastest growing smartphone major market — Samsung Electronics Co. will open …

More: CNET, Samsung Global Newsroom, SiliconANGLE, The Economic Times, Engadget, Axios, Reuters, South China Morning Post, Android Authority, International Business Times, Neowin, Socialnomics, TechSpot, KnowTechie, The Verge, and SamMobile

Tweets: @dhume, @economictimes, and @lisaabramowicz1

Timehop:

Timehop says it detected a network intrusion on July 4 that led to a data breach of names, email addresses, and some phone numbers affecting ~21M users — On July 4, 2018, Timehop experienced a network intrusion that led to a breach of some of your data. We learned of the breach …

Noam Scheiber / New York Times:

Algorithms increasingly replace highly-skilled white-collar workers, as seen in online fashion and retail industries and the ascendance of firms like Stitch Fix — One of the best-selling T-shirts for the Indian e-commerce site Myntra is an olive, blue and yellow colorblocked design.

Tweets: @lizziepaton and @sub8u

Ingrid Lunden / TechCrunch:

Index Ventures raises $1.65B for its two newest funds: $650M for its early-stage fund and $1B for its growth fund — Make way for more money into the startup investing pool: today, Index Ventures announced that it has closed a total of $1.65 billion in new funds — $1 billion that it plans …

More: Index Ventures, New York Times, VentureBeat, and Silicon Valley Business …. Tweets: @nytimesbusiness

Jonathan Shieber / TechCrunch:

Oasis Labs raises $45M in an ICO pre-sale from a16zcrypto, Accel, and others to create an AWS-like blockchain-based cloud computing platform for smart contracts — A team of top security researchers from the University of California, Berkeley and MIT have come together to launch …

More: VentureBeat, Digital Trends, MIT Technology Review, ETHNews, CoinDesk, CoinSpeaker, PR Newswire India, and PE Hub Blog

John D. McKinnon / Wall Street Journal:

Top GOP lawmakers on the House Energy and Commerce Committee write letters to Apple and Alphabet for more info on how they handle data from users' smartphones — Letters seek more information on how smartphones collect user location and other data — WASHINGTON—House lawmakers sent letters Monday …

More: Reuters, MacRumors, Washington Post, Energy and Commerce Committee, AppleInsider, and MacDailyNews

Tweets: @dmac1 and @christopherrenz

Tony Romm / Washington Post:

Google may face a new record penalty this month from EU and have to respond with big Android changes; sources: fine expected to range into billions of dollars — Google could face a new record penalty this month from European regulators for forcing its search and Web-browsing tools on the makers …

More: Marketing Land, Reuters, Digital Trends, and XDA Developers

Tweets: @bdsams and @tonyromm

Anna Nicolaou / Financial Times:

Sources: Apple Music had ~21.5M US subscribers as of last week while Spotify had ~22.5M; Apple's service is growing faster than Spotify in UK and Canada — Spotify's lead over Apple's music-streaming service in the US is narrowing, denting the air of invincibility around the recently floated pioneer.

More: Crunchbase News, CNBC, iPhone in Canada Blog, Thurrott.com, and MacDailyNews

Tweets: @zerohedge and @annaknicolaou

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